European ABS prices to stagnate in 2013 on poor demand, oversupply

9:50 AM MST | March 1, 2013 | —Francinia Protti-Alvarez

Oversupply and sluggish demand will continue to impact the price of acrylonitrile butadiene styrene (ABS) in Europe throughout 2013 with changes mostly dictated by feedstock prices, a recent IHS Chemical report says. In particular, the price of styrene—which represents the main cost component of ABS—will be marked by weak downstream demand and a contraction in global supply, another IHS Chemical report says. The latest-available ABS price quoted by IHS Chemical for Europe is €2,350/m.t. ($3,084) delivered, in late January. Styrene demand will...